Tisha Campbell-Martin and husband Duane file for Chapter 7 bankruptcy: A breakdown of their $15m debt

US actress Tisha Campbell-Martin and her husband Duane Martin have filed for Chapter 7 bankruptcy, after accumulating over $15m (£10.5m) in debt. According to E! News, the couple filed back in January after running into financial trouble.

Tisha Campbell-Martin is best known for her role in 90s sitcom Martin, where she starred alongside Martin LawrenceFox

In court documents obtained by the news site, the pair stated they only have $313,000 in assets between them and their Xen Restaurant in Sherman Oaks and production studio XE Visions, Inc are no longer turning a profit.

Campbell-Martin, 47, who rose to fame as Gina in 90s sitcom Martin alongside Martin Lawrence, also adds that she earned just $8,000 dollars a month , which is insufficient to cover the credit card bills, government debt, unpaid car leases, and unpaid taxes.

"We got involved with some loans before the crash, couldn't agree to a settlement with the banks, so we filed to reorganise," the couple said in a joint statement to E! News.

Chapter 7 bankruptcy is a liquidation proceeding in which the debtor's assets, if any, are sold and the proceeds distributed to creditors according to the priorities established in the Code. In contrast, rapper 50 Cent's Chapter 11 allowed him to claim insolvency while giving him room to reorganise his finances and negotiate a repayment plan with creditors

Campbell-Martin's screen credits include My Wife & Kids, Everybody Hates Chris , Rush Hour 4 and Private Ptractice. Her husband has also enjoyed acting success with hit film White Men Can't Jump and most recently joined the cast of Real Husbands of Hollywood with Kevin Hart. They will be relying heavily on the renewal of her ABC show The Dr. Ken Show, in which she plays the lead.

The bankruptcy filing caps off a turbulent few years for the actress. Back in 2014, the mother-of-two revealed she was raped as a child. She made the admission during an appearance on new daytime advice show, The Daily Helpline.

"This is the first time I ever said this on camera in front of millions, national, people, is that I too have been a victim of the same thing. When I was three I was raped, by an older person," she confessed.

She added that for years she lived with guilt: "Now I knew as a child that I did nothing wrong and that this wasn't my fault, but I had found forgiveness in the guilt that I might've had. I felt like, 'Did I pull this in? Did I do something at three-years-old?' No. It's a heinous crime."

What the couple owe

$208,611 in tax debt

$113,000 in student loans

$17,000 to Sallie Mae for a student loan they took out for their nephew

$43,000 on the 42-month lease for the 2016 Range Rover

$17,000 on the 2016 Jeep Wrangler

$67,000 on their 2014 Range Rover

$39,000 to American Express

$455,000 to City National Bank

$538,000 to Comerica Bank for a judgement against them

$120,000 to a law firm.

The couple's liabilities include:

$9.5 million to the City of Los Angeles for a personal guaranty

$82,000 in back state taxes for 2005 & 2011,

$3 million to Broadway Federal Bank for a personal guaranty for a real estate loan they took out